The cost of a no-deal Brexit

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With the prospect of a no-deal Brexit looking increasingly likely, independent wine merchants are braced for disruption – and potentially increased costs – during their busiest trading period after October 31.

The government has pledged a 12-month suspension of World Trade Organisation tariffs on wine in the event of no deal. These tariffs could eventually add up to 7p-10p on a bottle of still wine and 21p on a bottle of sparkling.

But Whitehall has given no such reassurance on the introduction of VI-1 forms – the paperwork accompanying wines imported into the EU, which include mandatory laboratory analysis of each wine.

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